IdeaSpace, DTI spur local startups with QBO Innovation Hub
IdeaSpace Foundation, the country’s leading early stage technology incubator and accelerator, and the Department of Trade and Industry (DTI) through its Export Marketing Bureau (EMB) joined forces to officially launch and establish the QBO Innovation Hub.
Named after the iconic Filipino house “kubo,” the QBO Innovation Hub is designed in line with DTI’s goal of boosting the local startup community. Located at the DTI International Building in Makati City, the Hub aims to connect and convene academic institutions, startups, investors, and various stakeholders from public and private sector, resulting in a constructive interaction.
The Hub is also designed to serve as a channel that will encourage more micro, small and medium entrepreneurs to work together and discover opportunities that will leverage disruptive technologies. This Hub’s objective is in line with the strategies stated on the 2015-2017 Philippine Export Development Plan (PEDP) signed by President Benigno Aquino III in February. The Hub will operate under the Negosyo Center Plus, a flagship initiative of DTI designed to encourage entrepreneurship in the country. Aside from DTI and IdeaSpace, the Hub was made possible with support from the Department of Science and Technology and JP Morgan Foundation.
The QBO Innovation Hub is part of IdeaSpace’s progressive initiatives in promoting startup technopreneurship in the Philippines, in addition to equity-free funding, incubation and acceleration through its annual startup competition held across the country since 2012. Headed by Manuel V. Pangilinan, IdeaSpace is supported by First Pacific, Metro Pacific Investments Corporation, PLDT, Smart Communications, Meralco, Indofood, Philex Mining, Maynilad, MediaQuest, and TV5.